Stock Market & Financial Investment News

Sotheby's urges shareholders to vote for company director slateSotheby's announced a letter to shareholders in connection with the company's 2014 Annual Meeting of Shareholders, which will be held on May 6, urging shareholders to vote for the company's 12 director nominees. In the letter the company stated: "We believe your Board of Directors has the skills and expertise necessary to continue Sotheby's track record of success. Your Board is independent, active, engaged and focused on further increasing shareholder value. In contrast, we believe the interests of Sotheby's shareholders would be compromised if Third Point LLC is successful in replacing any of the members of your Board with any of its hand-picked nominees."